Banks violated rules of loans

(Xinhua) Updated: 2007-07-21 08:23

BEIJING- Chinese auditors have identified more than 9.3 billion yuan (1.2
billion U.S. dollars) of questionable loans in three top commercial banks, the
National Audit Office (NAO) announced on Friday.

The three banks are the
Bank of China (BOC),the nation's second largest bank, the Bank of
Communications, the fifth largest, and China Merchants Bank.